Motorola Solutions Inc (MSI) Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd reduced its stake in Motorola Solutions Inc (NYSE:MSI) by 8.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 149,463 shares of the communications equipment provider’s stock after selling 13,767 shares during the period. WINTON GROUP Ltd owned about 0.09% of Motorola Solutions worth $19,451,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mainstay Capital Management LLC ADV raised its holdings in Motorola Solutions by 11,537.0% in the 2nd quarter. Mainstay Capital Management LLC ADV now owns 11,637 shares of the communications equipment provider’s stock valued at $100,000 after buying an additional 11,537 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its holdings in Motorola Solutions by 17,920.0% in the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 901 shares of the communications equipment provider’s stock valued at $105,000 after buying an additional 896 shares during the last quarter. CWM LLC raised its holdings in Motorola Solutions by 446.7% in the 3rd quarter. CWM LLC now owns 831 shares of the communications equipment provider’s stock valued at $108,000 after buying an additional 679 shares during the last quarter. Fort L.P. bought a new position in Motorola Solutions in the 2nd quarter valued at approximately $123,000. Finally, NuWave Investment Management LLC raised its holdings in Motorola Solutions by 1,537.3% in the 3rd quarter. NuWave Investment Management LLC now owns 966 shares of the communications equipment provider’s stock valued at $126,000 after buying an additional 907 shares during the last quarter. Institutional investors own 86.55% of the company’s stock.

A number of research analysts recently issued reports on the stock. Citigroup raised their price objective on shares of Motorola Solutions from $130.00 to $146.00 and gave the company a “buy” rating in a report on Tuesday, September 25th. BMO Capital Markets raised their price target on shares of Motorola Solutions from $134.00 to $135.00 and gave the stock an “outperform” rating in a report on Friday, November 2nd. Gabelli lowered shares of Motorola Solutions from a “buy” rating to a “hold” rating in a report on Monday. They noted that the move was a valuation call. JPMorgan Chase & Co. lowered their price target on shares of Motorola Solutions from $130.00 to $126.00 and set a “sell” rating for the company in a report on Friday, November 2nd. Finally, Credit Suisse Group set a $137.00 price target on shares of Motorola Solutions and gave the stock a “hold” rating in a report on Friday, September 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company. Motorola Solutions has a consensus rating of “Buy” and a consensus target price of $134.54.

In other news, EVP Mark S. Hacker sold 102,628 shares of the firm’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $127.01, for a total transaction of $13,034,782.28. Following the completion of the sale, the executive vice president now owns 56,259 shares of the company’s stock, valued at approximately $7,145,455.59. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Gino A. Bonanotte sold 23,201 shares of the firm’s stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $125.97, for a total transaction of $2,922,629.97. Following the sale, the chief financial officer now directly owns 41,019 shares of the company’s stock, valued at approximately $5,167,163.43. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 773,640 shares of company stock valued at $97,912,955. Insiders own 2.20% of the company’s stock.

Motorola Solutions stock opened at $126.36 on Wednesday. Motorola Solutions Inc has a 52-week low of $89.18 and a 52-week high of $131.48. The company has a market cap of $20.91 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 2.04 and a beta of 0.46.

Motorola Solutions (NYSE:MSI) last released its quarterly earnings results on Thursday, November 1st. The communications equipment provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.22. Motorola Solutions had a negative net margin of 0.44% and a negative return on equity of 68.88%. The firm had revenue of $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same quarter last year, the business earned $1.53 EPS. The company’s revenue was up 13.2% compared to the same quarter last year. On average, sell-side analysts forecast that Motorola Solutions Inc will post 6.57 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Monday, October 15th. Shareholders of record on Friday, September 14th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $2.08 annualized dividend and a yield of 1.65%. Motorola Solutions’s payout ratio is 40.00%.

COPYRIGHT VIOLATION WARNING: This article was originally published by WKRB News and is the sole property of of WKRB News. If you are accessing this article on another site, it was illegally stolen and republished in violation of US & international trademark & copyright legislation. The original version of this article can be viewed at https://www.wkrb13.com/2018/11/07/motorola-solutions-inc-msi-shares-sold-by-winton-group-ltd.html.

About Motorola Solutions

Motorola Solutions, Inc, together with its subsidiaries, provides mission-critical communication infrastructure, devices, accessories, software, and services in the United States, the United Kingdom, and internationally. The company operates in two segments, Products and Services. The Products segment offers a portfolio of infrastructure, devices, accessories, and software for government, public safety and first-responder agencies, municipalities, and commercial and industrial customers.

Featured Article: How Investors Use a Balance Sheet

Want to see what other hedge funds are holding MSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Motorola Solutions Inc (NYSE:MSI).

Institutional Ownership by Quarter for Motorola Solutions (NYSE:MSI)

Receive News & Ratings for Motorola Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorola Solutions and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply